An Alternative Option To Bankruptcy In Rhode Island
March 24, 2023
As of 2021, Rhode Island had a total state debt of approximately $9.5 billion. This includes both general obligation debt and revenue bonds. In terms of per capita debt, Rhode Island ranks as the state with the highest per capita debt in the United States, with each resident owing approximately $8,976. The state’s debt has…
Bankruptcy In Pennsylvania: Explore The Alternative
March 23, 2023
According to the U.S. Census Bureau, the total state and local government debt in Pennsylvania was $82.6 billion in 2019.According to the American Bankruptcy Institute, there were 14,834 total bankruptcy filings in Pennsylvania in 2020. Of the total filings in 2020, 11,526 were Chapter 7 bankruptcy cases, which is the most common type of bankruptcy…
What You Should Know About Bankruptcy In Puerto Rico
March 23, 2023
In 2021 Puerto Rico’s debt was estimated to be around $74 billion, which is a significant burden for a territory with a population of about 3.2 million people. Puerto Rico’s debt crisis has been building for several years, driven in part by factors such as a shrinking economy, high poverty rates, and a history of…
Consider Your Options Before Filing For Bankruptcy In Florida
March 22, 2023
According to the United States Courts, the Middle District of Florida had the highest number of bankruptcy filings among all the districts in Florida in 2021. Middle District of Florida had 36,786 total filings (26,047 Chapter 7 filings, 10,080 Chapter 13 filings, 659 Chapter 11 filings), Southern District of Florida had 18,058 total filings (12,187…
An Alternative To Bankruptcy In New York
March 22, 2023
According to the United States Bankruptcy Court for the Southern District of New York, which includes Manhattan, the Bronx, and Westchester County, the total number of bankruptcy filings in 2020 was 6,942. As of September 2021, the total debt of New York State was approximately $70 billion. This includes both general obligation debt and outstanding…